Good Morning Traders! It is a very tame start to the week, this Monday 17th of April, with comments from ECB's McCaul and von der Leyen being the highlight, coupled with Italian Final CPI data.
Here are some things to be aware of before the session.
Sentiment
With rates remaining steady, China's central bank is increasing liquidity in the banking sector in an effort to avoid funding shortages as credit demand picks up.
According to a senior State Department official, tensions over China will be a major topic of discussion when top diplomats from the Group of Seven countries gather in Japan over the next two days.
Fumio Kishida, the Japanese prime minister, had recently seen an uptick in his political fortunes. Depending on the motive of his bomb-wielding attacker, this weekend's attempted murder may alter that.
Despite the International Energy Agency's warning that greater prices are on the horizon, oil was stable after rising for a fourth week on signs of a tightening market.
A rising number of investors believe that emerging countries are the greatest area for bond buyers to boost returns because global inflation is beginning to decline and many central banks are reaching the conclusion of their interest rate hikes.
Docket
04:00 AM ET
Italian HICP Final YoY
Median Forecast 8.2% | Prior 8.2% | Range 8.2%/7.0%
Speakers
03:30 AM ET
ECB's McCaul Speaks
04:45 AM ET
ECB's von der Leyen Speaks
Good Luck Today Traders!